Gross Production

10/25/2012

Newfield Exploration Company (NYSE:NFX) has 142,000 net
acres in the Cana Woodford Shale and has operated between four and five rigs
here in 2012. The company is currently
producing 9,800 barrels of oil equivalent (BOE) per day from the Cana Woodford
play, with 60% of the production stream composed of liquids.

Wright 1H-9 – initial gross
production rate of 1,900 BOE per day and 100 day average rate of 1,050 BOE per
day. This was the highest initial
production rate of any Newfield well in the South Cana area.

Branch 1H-16 – initial gross
production rate of 1,850 BOE per day and 100 day average rate of 1,030 BOE per
day.

Whitt 1H-25 - initial gross
production rate of 1,050 BOE per day and 100 day average rate of 500 BOE per
day.

Faith 1H-12 - initial gross
production rate of 1,000 BOE per day and 100 day average rate of 880 BOE per
day.

Greenwood 1H-4 – initial
gross production rate of 1,000 BOE per day and 000 day average rate of 500 BOE
per day.

Williams 1H-19 – initial
gross production rate of 650 BOE per day and 100 day average rate of 400 BOE
per day.

Mashburn 1H-4 – initial gross
production rate of 1,390 BOE per day and 30 day average rate of 1,120 BOE per
day.

Vinson 1H-14 – initial gross
production rate of 1,090 BOE per day and 30 day average rate of 1,000 BOE per
day.

Baxendale 1H-12 – initial
gross production rate of 1,020 BOE per day and 30 day average rate of 900 BOE
per day.

Klade 1H-19 – initial gross
production rate of 925 BOE per day and 30 day average rate of 660 BOE per day. This Woodford Shale well is in the North Cana
area and has an oil content of 93%.

10/21/2011

PetroQuest Energy (PQ) has an active development program in the Woodford Shale and disclosed an update on recent operations here. The company reported the twenty four hour gross production results for five wells drilled into the Woodford Shale formation in Oklahoma.

The PQ 56 well had gross production of 6.29 million cubic feet of natural gas per day and was drilled with a 4,993 foot lateral. The PQ 57 well had gross production of 4.47 cubic feet of natural gas per day and was drilled with a 4,960 foot lateral.

The PQ 58 well had gross production of 6.03 million cubic feet of natural gas per day and was drilled with a 4,895 foot lateral. The PQ 59 well had gross production of 6.2 million cubic feet of natural gas per day and was drilled with a 5,000 foot lateral. The PQ 61 well had gross production of 2.97 million cubic feet of natural gas per day and was drilled with a 4,949 foot lateral.

PetroQuest Energy has reached total depth on ten other Woodford wells and plans to complete these ten wells and up to three others during the fourth quarter of 2011.

PetroQuest Energy has also started to develop a section of its Woodford shale acreage that contains high quantities of liquid hydrocarbons. The company plans to drill between 12 and 15 wells in this area in 2012.

One well drilled and completed into this section was the PQ 52, which started producing in late June 2011. The PQ 52 well had a 24 hour initial production rate of 8.94 million cubic feet of natural gas per day. This well was producing 4.54 million cubic feet of natural gas per day, with 1,200 Btu content as of 9/30/2011.

10/20/2011

Newfield Exploration Company (NFX) has an active development program in the Woodford Shale and disclosed an update on recent operations here. The company has 172,000 net acres prospective for this play.

Newfield Exploration Company has completed seven additional wells in the Woodford Shale and is focused on the oil window of the play in the Arkoma Basin of Oklahoma. The company has drilled thirteen wells and average 24 hour gross production of over 1,000 barrels of oil equivalent (BOE) per day.

Newfield Exploration Company plans to operate two rigs in the Woodford Shale and drill between 12 and 14 wells in 2011.